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Businessman Harry Jayawaradena who was holding a Board position at the Hatton National Bank for over two decades has vacated his post with effect from 31st December 2011.
HNB in a stock market filing said, “Jayawardena is deemed to have vacated his office as a Director of HNB after having completed his term of office”.
He has [...]
(News360.lk) A Sri Lankan stockbroker says the problem in the Colombo Stock Exchange is much deeper and injecting few billion rupees into it will not help resolve the problem.
The broker comments comes as the Colombo Stock Exchange on Tuesday struggled to show progress despite the Securities and Exchange Commission extending broker credit limits.
On Monday, the [...]
Sri Lanka’s listed Vallibel Finance PLC says it has raised Rs. 225 million via a five year debenture issue, sold to Vallibel One PLC, in a bid to expand the capital base of the company.
This is to be inline with the regulatory requirements imposed by the Central Bank on registered finance firms.
Accordingly, the finance firm [...]
Sri Lanka’s Securities and Exchange Commission has decided to allow stockborkers to extend credit to investors up to a limit of 3 three times that of the adjusted net capital.
“Adjusted net capital” shall mean the net capital computed as per the Colombo Stock Exchange member regulations less fifty percent ( 50%) of the fixed assets”, [...]
Sri Lanka’s Renuka Agri Foods says it is now working towards purchasing 76% of the issued share capital of Richlife Dairies Limited.
In a stock market filing, the company announced that it has already signed an agreement towards this with Richlife.
Renuka says the deal will go through upon the completion of a “Due Diligence” presently carried [...]
A Sri Lankan Stock Broker says, few billion rupees (LKR) will come into the Colombo Stock Exchange by next week if the regulator extends the credit limit the brokers can lend to investors.
Bartleet Religare Securities says “This may provide temporary retail support for the index and may push the speculative counters higher”.
According to the Broker, [...]
Colombo Stock Exchange saw a turnaround today as the ASPI gained 1.32% to close at 5,942 points.
Brokers said the latest announcement by the SEC which informed the market that it will take a final decision on the rule imposed on broker credit limit by next Monday, prompted the upward movement.
The MPI also gained 1.11% to [...]
Asia Asset Finance Limited has appointed H.L.L.M Nanayakkara as the new Chairman of the Company with effect from 1st January, 2012.
The Board of Directors of the firm has taken this decision following the resignation of Dayananda Muthukumarana as the Chairman of the entity with effect from 31st December, 2011.
Apart from it, the Company has appointed [...]
Sri Lanka’s Securities and Exchange Commission says a final decision on the rule imposed on broker credit limit will be taken on the 16th of this month.
This decision has been taken during the 294th meeting of the SEC Commission which has been held today.
Last year, the heads of the local Stock Brokerages met President Mahinda [...]
Colombo Stock Exchange ‘s All Share Price Index lost ground by 0.23% to end the day at 5,859 point range while the Milanka Price Index lost 0.50% to close at 4,995 points.
The market saw a crossing 1,150,000 JKH shares at a price of Rs. 167 each.
Turnover of the day surpassed the Rs. 500 million mark [...]
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